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Microsoft Dynamics AX 2012 Financials Sample Questions:

1. You need to set up Foreign Currency Consolidation in Microsoft Dynamics AX 2012 to automatically post differences that result from consolidating subsidiaries with foreign currencies. What should you set up in the General Ledger?

A) an account for automatic Penny difference in reporting currency transactions
B) an account for automatic Balance account for consolidation differences transactions
C) rounding rules in the Currencies form
D) an account for automatic Penny difference in accounting currency transactions

2. On which Microsoft Dynamics AX 2012 list page can you view cash flow forecasts?

A) All purchase requisitions
B) All sales orders
C) All customers
D) All production orders

3. What is the first step in the process of creating a new financial statement in Microsoft Dynamics AX 2012?

A) Create a row definition.
B) Design the financial statement row structure.
C) Create a dimension set.
D) Create the financial statement column definition.

4. You need to delete a check from Microsoft Dynamics AX 2012. What status must the check have before it can be deleted?

A) Void
B) Created
C) Processed
D) Invoiced

5. What is the maximum number of collection letter codes that can be created for a collection letter sequence in Microsoft Dynamics AX 2012?

A) 1
B) 5
C) 6
D) 3

Solutions: